Mobile data provider Clearwire is preparing to offer $300 million in Class A stock as a public offering in the hopes of further funding their LTE deployment plans.

Reports are also pointing to another 30-day option in which underwriters will be able to purchase $45 million in additional Class A shares.

News of the stock option offering comes after an ongoing dispute with Sprint appears to be winding down. Sprint, the company’s majority shareholder agreed to pay the service nearly $1 billion for WiMAX service and committed $700 million in additional funds if Clearwire is able to prove their ability to raise outside resources.

According to Muultichannel Sprint Nextel has agreed to purchase Class B shares in order to maintain its 49.6% voting interest in the company.

The announcement comes just a short time after both Sprint and Clearwire announced plans to deploy LTE offerings in order to compete with AT&T Wireless and Verizon Wireless.

Clearwire Will Seek $300 Million Stock Offering To Help Expand LTE Deployment is a post from: The Inquisitr

Clearwire Corp. on Thursday reported better than expected growth for the third quarter of 2011, allowing the company’s stock to increase by as much as 21.5% by midday.

Investors were worried that Clearwire wouldn’t be able to hold onto their customer based as major partner Sprint Nextel Group continued to shift away from their partnership.

According to Clearwire they had acquired 9.5 million customers by the end of September, that number is 1.9 million customers more than they had attracted by the end of Q2 2011.

Clearwire also expects that their revenues increased to $332 million in Q3, a 13% increase quarter-over-quarter while beating analysts expectations by $10 million.

The company now says they are shooting for 10 million subscribers by the end of the year, mostly focused on the wholesale side of their business where nearly 80% of their customer base already exists.

The news of a boost in subscriber services and revenue couldn’t have come at a better time for Clearwire as their stock was trading down by 60% since August.  Stock prices plummeted after Sprint announced they would begin building their own fourth-generation technology to compete with Clearwire. Sprint owns half of Clearwire and the company is still locked into a $1 billion deal that runs through 2012.

Next up for Clearwire are plans to build a new 4G network based on the same technology currently being implemented by AT&T Inc. and Verizon Wireless.

The company’s future could be riding on their next generation network development, do you think Clearwire can continue to grow if they can’t reach a sustainable deal with Sprint Nextel Corp?

Clearwire Reports Better Than Expected Growth In Q3 2011 is a post from: The Inquisitr

Towards the beginning of July the Clearwire Clear Spot 4G Apollo hotspot was seen at the FCC and now the device has made it’s way one step closer to store shelves with a price tag of $99 or a lease price of $6/month.

Clearwire announced on Monday that the device will reach customers by “late July.”

The device, built by Gemtek, allows up to eight simultaneous connections and is said to delivery six hours of continuous use with a built-in rechargeable battery.

Plans for the device start at $35 while an unlimited plan is $45/month with no long term contract.

Do you think the device and pricing are enough to drive sales for customers looking for a simple yet fast solution for their mobile needs?

Clearwire Debuts $99 Clear Spot 4G Apollo Hotspot is a post from: The Inquisitr

Comcast and Clearwire on Friday announced a new deal that users will love. The company’s have teamed up to offer the XFinity 3G/4G MiFi adapter for just $25. The adapter, the same one offered as the Novatel 3G/4G MiFi adapter on Sprint can be purchase for the $25 price point if users are willing to sign a one-year contract.

The best news? The cost of ownership is just $40 per month for the same Clearwire service that Sprint Wireless charges $50 to use. While the adapter is far cheaper than the $80 price tag on the Now Network.

Marketed under the Comcast Internet 2go program it’s a deal worth taking a closer look at.

Clearwire Teams Up With Comcast, Offers $25 XFinity 3G/4G MiFi is a post from: The Inquisitr

Rumors began circulating today that Clearwire will drop its own brand and instead focus solely on providing wholesale network solutions for the company’s WiMax network.

The move would not only mean a better emphasis on the company’s technology, it would also mean that Sprint, a minority share holder in the company, will no longer have to compete with the Clearwire brand.

Currently customers can choose to buy USB modems and Wi-Fi hotspot access from either Sprint or Clearwire. It should be noted that Sprint has opposed this type of arrangement.

According to the Wall Street Journal Clearwire was not able to mean their own targets for network expansion, causing funding problems when the company only reached 100 million customers in 2010, only 50% of their original estimates.

At this time Clearwire has not released a public statement regarding a new focus on wholesale networking sales.

Clearwire Ending Their Own Brand To Focus On Delivery is a post from: The Inquisitr

Dell has announced that their Inspiron Mini 10 netbooks will start shipping with a WiMax option on April 1st, just several months after the company announced the pint sized computers.

The units, which feature an Intel N450 processor will be powered by the Clearwire WiMax network and will go on sale at Clear retail stores, through telesales and via Clear.com upon initial launch.

The netbooks will begin selling at a rather cheap $249.99 after an instant rebate, although no per-month data plan pricing has been released at this time. The netbook will also feature the same options found on non-WiMax versions of the book.

Based on current rates customers can probably expect to pay $40 per month for the service. [Engadget]

Dell Inspiron Mini 10 Gets WiMax Starting April 1st is a post from: The Inquisitr

The companies officially let the cat out of the bag this morning. As suspected, the deal will operate under the name Clearwire, even though Sprint is putting the most money into the investment (51 percent of the total). Comcast, Intel, Google, and Bright House Networks are all contributing money as well.

Clearwire’s shares climbed 12 percent with word of the news in pre-market trading this morning. Sprint’s went up 5.5 percent.

Once finished, the WiMax network should be able to cover entire cities with high-speed access. Engineers say it’ll end up being about five times faster than the short-range WiFi currently available.

It’s Official: WiMax Is On The Way is a post from: The Inquisitr

USA Today is reporting Sprint and Clearwire will join forces to create a nationwide “Wi-Max” network — a concept basically like Wi-Fi, except reaching across much bigger areas. The report claims Google, Intel, Comcast, and Time Warner are all in on the deal.

The new company would start building the giant network under the name Clearwire, according to USA Today. Altogether, the six companies’ investments are said to add up to a cool $3 billion, $500 million of which is from Google.

An announcement could come as soon as tomorrow.

Google Getting In On New Wi-Max Network is a post from: The Inquisitr